SG Americas Securities LLC Invests $615,000 in Canadian National Railway (NYSE:CNI)

SG Americas Securities LLC acquired a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,058 shares of the transportation company’s stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNI. Fortitude Family Office LLC raised its position in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. Coastline Trust Co acquired a new stake in Canadian National Railway in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Canadian National Railway during the 3rd quarter worth approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at approximately $56,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. Bank of America dropped their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $174.00 price target on shares of Canadian National Railway in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Trading Down 0.5 %

Shares of Canadian National Railway stock opened at $105.02 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $66.04 billion, a P/E ratio of 16.83, a PEG ratio of 2.36 and a beta of 0.91. Canadian National Railway has a 1 year low of $98.96 and a 1 year high of $134.02. The company’s fifty day moving average is $104.70 and its two-hundred day moving average is $111.12.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Analysts forecast that Canadian National Railway will post 5.15 earnings per share for the current year.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.